Canadian Gold (CVE:CGC) Trading 3.3% Higher – Here’s Why

Canadian Gold Corp. (CVE:CGC) shares were up 3.3% on Thursday . The stock traded as high as C$0.16 and last traded at C$0.16. Approximately 900 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 65,025 shares. The stock had previously closed at C$0.15.

Canadian Gold Stock Up 3.3 %

The stock has a market cap of C$28.73 million, a price-to-earnings ratio of -5.17 and a beta of 1.66. The firm’s fifty day moving average price is C$0.16 and its two-hundred day moving average price is C$0.16. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.37 and a quick ratio of 0.49.

About Canadian Gold

Canadian Gold Corp. engages in the exploration and development of mineral properties in Canada. Its principal project is the Tartan Lake gold mine project that consists of 20 mineral claims covering an area of approximately 2,670 hectares located northeast of the town of Flin Flon, Manitoba, Canada. The company was formerly known as Satori Resources Inc and changed its name to Canadian Gold Corp.